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RIAs by state · SEC data as of October 1, 2026

RIAs in Arkansas

The SEC-registered investment advisers based in Arkansas, what they manage, and the largest independent wealth managers.

Arkansas is home to 45 wealth-focused RIAs managing $47B, 36th of 51 states and DC. The largest is Sowell Management in North Little Rock, with $4.8B.

Wealth-focused RIAs
45
36th of 51
Their assets
$47B
34th of 51
$1B+ firms
10
Median $303M
All SEC RIAs
56
1,645 employees

Largest independent wealth managers in Arkansas

Largest independent wealth managers headquartered in Arkansas
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Sowell ManagementSEC recordNorth Little Rock$4.8B6,280162
2Greenwood Gearhart, LLCSEC recordFayetteville$2.0B1,05126
3Naviter Wealth, LLCSEC recordLittle Rock$1.9B33215
4Stephens Group Asset Management, LLCSEC recordLittle Rock$1.7B2004
5Legacy Capital Wealth Partners, LLCSEC recordLittle Rock$1.5B66021
6Lathrop Investment Management CompanySEC recordLittle Rock$1.0B2295
7The Arkansas Financial Group, Inc.SEC recordLittle Rock$971M36711
8Hexagon Capital Partners, LLCSEC recordRogers$965M3928
9TMB Capital Partners, LLCSEC recordLittle Rock$868M4096
10Gilliland Jeter Wealth Management, LLCSEC recordLittle Rock$569M2914
11Ifrah Financial Services, Inc.SEC recordLittle Rock$489M55514
12Mustard Seed Wealth ManagementSEC recordMagnolia$449M67910
13Horrell Capital Management, Inc.SEC recordLittle Rock$435M771
14New Wave Wealth AdvisorsSEC recordSpringdale$387M4967
15Applied Capital LLCSEC recordLittle Rock$358M6879

Ranked by regulatory assets under management on each firm’s latest Form ADV. Excludes broker-dealers’ advisory arms and managed-account platforms. Nationally: the 100 largest RIAs.

Questions

How many RIAs are there in Arkansas?

56 SEC-registered investment advisers have their main office in Arkansas, and 45 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Arkansas 36th of 51 states and DC, according to Financial ADVSR’s count of SEC data as of October 1, 2026.

What is the largest RIA in Arkansas?

Sowell Management, based in North Little Rock, is the largest independent wealth manager headquartered in Arkansas, with $4.8B in regulatory assets under management and 6,280 individual clients on its latest Form ADV.

How much do Arkansas RIAs manage?

Wealth-focused RIAs based in Arkansas report $47B in regulatory assets under management, 34th among the states. 10 of them manage $1 billion or more; the median manages $303M.

How we built this

The SEC publishes a list of every registered investment adviser, drawn from each firm’s Form ADV. We used the list current through October 1, 2026, kept the 16,943 advisers the SEC shows as approved, and placed each in the state of its main office; 14,641 are based in the United States. Regulatory assets under management come from Item 5.F, client counts from Item 5.D.

Wealth-focused RIAs manage at least half of their assets for individuals and high-net-worth clients, the same test as our RIA Custody Tracker; there are 8,130 in the US. Rankings and each state’s largest-firms list show independent wealth managers only: wealth-focused firms that offer financial planning, are not themselves broker-dealers, and hold less than half their assets in wrap programs they sponsor or manage. That leaves out wirehouse and broker-dealer advisory arms and managed-account platforms, which still count in each state’s totals.

What it doesn’t show

  • State-registered advisers, most of which manage less than $100 million, register with their state regulator and aren’t in SEC data.
  • A firm counts only in its main office state, though many have offices in several.
  • Figures are as of each adviser’s latest annual Form ADV update, usually its December 31 fiscal year-end, so they lag recent deals.
  • Firms that file under more than one registration (an RIA and a separate institutional arm, for example) appear as separate advisers.

The data is free to use with credit to Financial ADVSR. Questions or corrections: contact the editors.

Other states